Indxx, Blockchain

Indxx is pleased to announce the Indxx Blockchain Index (the “Index”) has been licensed to UK-based ETF provider First Trust Global Portfolios as the underlying benchmark for the First Trust Indxx Innovative Transaction & Process ETF (LSE:BLOK).

11.04.2018 - 11:01:36

Indxx Blockchain Index Licensed by First Trust for Europe’s First UCITS “Blockchain” Exchange Traded Fund. With this announcement, there are now ETFs that track the Index available in the US, Canada, and EU.

“Indxx is excited to have developed one of the world’s first indices to provide diversified exposure to the global blockchain space” said Rahul Sen Sharma, Partner at Indxx. “We believe that blockchain is an exciting new technological innovation and our index research and development team is proud to have built an index that effectively targets it via a disciplined and transparent, rules-based approach.”

Derek Fulton, CEO at First Trust Global Portfolios, said: “We are pleased to bring to market this innovative UCITS ETF – BLOK. With an increasing number of institutions harnessing blockchain technology and applications spanning a wide range of industries, we believe the efficiency, auditability and transparency provided by blockchain offers the potential for significant growth opportunities. The First Trust Indxx Innovative Transaction & Process UCITS ETF offers exposure to this growing investment class leveraging the liquidity and efficiency that a UCITS ETF structure provides.”

About Indxx

Founded in 2005, Indxx seeks to redefine the global indexing space. With offices in New York, Prague and New Delhi, the firm focuses on Index Development and Index Calculation, combining these services in a holistic, customized approach that is unique to the industry and provides maximum benefits to our clients.

For more information about Indxx or the Index, please visit: http://www.indxx.com/.

@ businesswire.com

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